South Bay Market Analysis for the 4th Quarter of 2007
South Bay is located in the Dr Phillips section of the Orlando real estate market. There have been 2 single family houses sold in the 4
th quarter of 2007. They sold for $600,000 and $625,000 and they were 3,003 square feet and 3,300 square feet with both of them having pools. They took an average of 133 days before they sold.
There is presently 1 house that is pending closing. The asking price for this house is $550 and it is 3,603 square.
There are a total of 5 houses on the market. They range in size from 2,351 square feet to 5,071 square feet with asking prices ranging from $549,900 to $1,425,000 and 4 of them have pools. Out of the5 houses that are up for sale, 3 of them are priced at $675,000 or lower.
Considering the amount of houses sold in the 4th quarter of 2007, the saturation rate, (the amount of time it will take to sell all of the houses in a specific area assuming that no other houses are listed in that area) will be 8 months. This is a lower than the rest of the Orlando real estate market.If any additional information is required either log onto http://www.flatfeerealty.info/ and fill out the contact us or call 321-766-7176